38 Studios officially bankrupt

Curt Schilling created 38 Studios, developers of Kingdoms of Amalur: Reckoning have officially declared bankruptcy after several reports about the same. The studio has gone ahead and officially filed for bankruptcy.

Local news group WPRI says an FBI investigation about the studio’s shady and controversial pubic funding is currently underway. 38 singed up for a deal a couple years back that enabled them for a tax-payer backed loan of $75 million.